Ascent Capital Group, Inc. and Monitronics International, Inc. announced the execution of a transaction support agreement (the Support Agreement) with holders of approximately $386 million aggregate principal amount of MONI's 9.125% Senior Notes due 2020 (the Old MONI Notes), representing approximately 66% of the outstanding Old MONI Notes, who have committed to participate (the Consenting Bondholders) in the proposed new exchange and related transactions described below (the New Proposed Exchange Transactions). As a result of the execution of the Support Agreement, Ascent and MONI have terminated the offer previously announced on August 30, 2018 to exchange cash and/or a combination of new 7.750%/3.750% Senior Unsecured Cashpay/PIK Notes due 2023 of MONI and warrants to purchase Series A common stock of Ascent for Old MONI Notes and the solicitation of consents by MONI to certain proposed amendments to the indenture governing the Old MONI Notes (the Existing MONI Exchange Offer and Consent Solicitation). In addition, Ascent has terminated the offer previously announced on August 30, 2018 to purchase for cash (the Existing Ascent Tender Offer and, together with the Existing MONI Exchange Offer and Consent Solicitation, the Terminated Offers) 4.00% Convertible Senior Notes due 2020 of Ascent (the Ascent Convertible Notes).
Monitronics International, Inc.
Equities
SCTYQ
US6094531059
Communications & Networking
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